Gray Media (NYSE:GTN.A) Shares Gap Up – What’s Next?

Shares of Gray Media Inc. (NYSE:GTN.A) gapped up before the market opened on Tuesday . The stock had previously closed at $10.10, but opened at $11.00. Gray Media shares last traded at $10.18, with a volume of 501 shares trading hands.

Gray Media Stock Up 1.9%

The firm has a market cap of $1.05 billion, a P/E ratio of 6.81 and a beta of 1.10. The stock’s 50 day simple moving average is $10.39 and its 200 day simple moving average is $8.50. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.87 and a current ratio of 0.87.

Gray Media (NYSE:GTN.A) last announced its quarterly earnings results on Friday, August 8th. The company reported ($0.42) EPS for the quarter. The business had revenue of $772.00 million for the quarter. Gray Media had a net margin of 5.64% and a return on equity of 10.31%.

Gray Media Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Gray Media’s payout ratio is currently 21.19%.

Gray Media Company Profile

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.